... CITYthere were few synergies on either the production or the consumption side (Ferguson).Another reason for doubting that financial integration will have abig impact on consumers is that, thanks ... such information only have to be incurred once, allowing theconsumer to be charged lower prices. Consumption synergies arise whenit is less time consuming or more convenient for the consumer to ... Market Frictions and Deposit Constraints on Banks,” Journal of Money, Credit, and Banking, February.Kashyap, Anil K., and Jeremy C. Stein. 1995. “The Impact of Monetary Policy on Bank Balance...